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Why save with Virgin?

Because you've got better things to watch than Interest Rates

There's nothing more annoying than a savings account which opens with a great interest rate only to slash it a few months down the line.  With a Virgin Deposit Account you can put that worry behind you.

We guarantee an interest rate that's no lower than 1% below the Bank of England base rate* until 5 April 2007.  And after that, we'll never fall below this level without giving you three months' written notice.  If we don't have to fall below it, we won't.  That's a promise.

*We'll make sure any interest rate rises necessary to keep to our guarantee are made within one month of a move in the base rate. 

EASY TO SET UP

It takes just minutes to set up your Virgin Deposit Account, and you can open your account with as little as £1. Just give us a call and we'll do it for you there and then. Or ask us to pop an application form in the post to you.

Easy to run

It's easy to put money in

Traditionally, deposit accounts involved lots of fiddling about with passbooks and waiting for cheques to turn up through the post. Many still do. Fortunately the Virgin Deposit Account isn't one of them. Once your account is up and running all it takes to transfer money is a quick call or a few clicks of the mouse.

You can also set up a regular monthly savings, choosing which day of the month you'd like to save. Give us two weeks to set up your direct direct debit, then we'll start collecting your monthly payments on the day you've chosen.

And just as easy to get at your money again

Once your money has cleared in your deposit account for ten business days, getting it out again is a doddle. You can phone or ask us online and we'll get the money back in your linked account within three business days. There are no notice periods - you can call on your savings whenever you need them.